video Irvine on seniors, military struggling with food inflation: ‘Absolutely crazy’ “Restaurant: Impossible” host Robert Irvine previews his new book, “Overcoming Impossible,” and discusses the growing stress on seniors and military members caused by rising costs at the grocery store. Month after month of stubbornly high inflation has squeezed Americans' […]

Charles River Laboratories International, Inc. (CRL) reported Wednesday that its fourth-quarter profit and revenues climbed from last year, above market estimates. Looking ahead for fiscal 2023, the company issued weak earnings outlook, below market, despite higher revenue view. In pre-market activity on the NYSE, Charles River Labs shares were losing […]

Reserve Bank of Australia policymakers discussed only two options for its interest rate decision in February, either a quarter point or a half percentage point hike, completely abandoning the option of leaving rates unchanged as there was a risk that inflation could persist at an uncomfortably high level, minutes of […]

Antofagasta Plc (ANFGY.PK,ANTO.L), a Chilean conglomerate, reported that its profit before tax for the fiscal year 2022 was $2.56 billion, 26% lower than in 2021 reflecting the lower EBITDA, partially offset by the Reko Diq exceptional gain. EBITDA was $2.93 billion, 39% lower than the previous year on lower revenue […]

Social Security is supposed to run out of money in 2033 or thereabouts. Running out of money is a bit of an exaggeration. People will start to get smaller benefits, and they could get smaller and smaller by the year. Congress has the sole capacity to change this. Today, that […]

video Credit cards have become the ‘cigarette’ of the financial world: George Kamel ‘The Ramsey Show’ co-host George Kamel discusses the drop in retail sales and consumer spending, and reacts to Marie Osmond not granting her children an inheritance. Americans are drowning in credit card debt as uncomfortably high inflation […]

British bank Standard Chartered Plc (SCBFF.PK,STAC.L,STAN.L) reported Thursday that its fourth-quarter profit before taxation was $123 million, compared to last year’s loss of $208 million. On an after tax basis, the company recorded a loss of $264 million or 10.1 cents per share, narrower than loss of $382 million or […]

video WATCH LIVE: CBO holds presser as debt ceiling debate reaches fever pitch The American economy hangs in the balance. The United States will default on its debt sometime this summer if Congress doesn't act and raise the $31.4 trillion debt limit, the Congressional Budget Office projected Wednesday. "We project […]

Commonwealth Bank of Australia (CBA.AX) reported that its net profit after income tax for the half year ended 31 December 2022 declined to A$5.15 billion from last year’s A$5.87 billion, with earnings per share decreasing to 294.8 cents from 323.6 cents in the prior year. But net profit after income […]

At 2.30pm last Tuesday, the Reserve Bank engineered an enormous decline in consumer sentiment with the stroke of a pen. Until that moment, confidence had a pulse – albeit a bit weak. But the central bank’s rate rise and stated intention for at least two more crashed the confidence party. […]